CLMT said in a Oct 21 release that this was mainly attributed to a lower gross rental income and higher rental relief for eligible tenants, which resulted from more frequent and extended movement controls during the period compared to the previous year.
Bursa-listed CapitaLand Malaysia Trust has seen its net property income (NPI) drop by over 50% y-o-y for its 3QFY2021 ended Sep 30.
CLMT, which is owned by SGX-listed Capitaland Investment (CLI), reported an NPI of RM18.57 million ($5.99 million), 54.4% lower than the RM40.75 million figure in the same period last year.
